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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year - 1 52.7 2 66.5 3 78.

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year - 1 52.7 2 66.5 3 78. 2 4 7 4.2 5 82.8 FCF ($ million) Thereafter, the free cash flows are expected to grow at the industry average of 3.8% per year. Using the discounted free cash flow model and a weighted average cost of capital of 14.7%: a. Estimate the enterprise value of Heavy Metal. b. If Heavy Metal has no excess cash, debt of $308 million, and 38 million shares outstanding, estimate its share price

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